Treatment Abuse, Behavior Modification, Thought Reform > The Ridge Creek School / Hidden Lake Academy
RE: HLA ON FIRE?!
Anonymous:
--- Quote from: ""SH"" ---Ok assume that there is no insurance on the building....if that was true, why would someone intentionally set a fire? If there was not going to be a pay out, what would the motive be? It kind of takes the "fire" out of the arson theory in my opinion. So, if that's true, then what would the motive be? And if arson, who did it? It just opens up other questions if there was no insurance on the building.
--- End quote ---
One theory, to make it easy...Scenario #1 Possibility
2nd mortagage or loan taken out on building, using building as collateral. Cash is given.
No insurance by owner, bank pays insurance premiums on mortagage.
Fire: Bank holds insurance policy on monies loaned. Bank gets their money back from insurance company. Owner already was given the cash,
before fire. Everyone wins, as long as the insurance company for the bank does not do it's own investigation..and if they do, there is nothing to find. According to the paper, in approximately 15 minutes from call, when the fire company arrived, 90% of the building was gone, brick, too.
All the children and staff said there were no sounds of alarms going off.
So, could it have been an accidental fire? Yes. Could it have been arson?
Yes. Will they ever know? That is a good question, but as of right now, it is still "undetermined".
Again, this is just one theory, there are others I am sure. Remember SH,
it is the property that is worth the money, 210 or so acres, a developers dream!
Anonymous:
Well, I do know around what the going rate is for acreage in Lumpkin Co....and it is worth quite a bit of money, however, to make that property a subdivision, you would have to tear down a bunch of buildings....its not that easy of a property to develop...however, another school or possibly summer camp would work there. And it would sit on the market for probably a long time before being sold if thats what he wants to do with it. It was for sale for a very long time before Len bought it. Now, you mentioned that building being brick. I remember it being mainly vinyl siding, with brick trim. I think it was mainly wood frame construction, with brick just being the trim and the vinyl being the main exterior.
I see what youre saying about the insurance scenario..but it still seems to be a big long convoluted way around just to get rid of a building or some documentation.
Anonymous:
You are right about the brick on the building. There was very little.
The most likely scenerio in my opinion for the sale of the school would be for another TBS system to come in and take over.
Anonymous:
A golf course community with all amenities.
Anonymous:
--- Quote from: ""SH"" ---Well, I do know around what the going rate is for acreage in Lumpkin Co....and it is worth quite a bit of money, however, to make that property a subdivision, you would have to tear down a bunch of buildings....its not that easy of a property to develop...however, another school or possibly summer camp would work there. And it would sit on the market for probably a long time before being sold if thats what he wants to do with it. It was for sale for a very long time before Len bought it. Now, you mentioned that building being brick. I remember it being mainly vinyl siding, with brick trim. I think it was mainly wood frame construction, with brick just being the trim and the vinyl being the main exterior.
I see what youre saying about the insurance scenario..but it still seems to be a big long convoluted way around just to get rid of a building or some documentation.
--- End quote ---
Land is far too expensive to buy for a summer camp or another school.
It would not be financially feasible. It would have to be bought by a developer.
It is not that confusing, it is done all the time.
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